The money merge account is a system designed to pay off your mortgage as quickly as possible. MMA works with your mortgage and a bank equity line of credit that informs you the fastest way to pay off your mortgage. The MMA software calculates a route for lowering your balance and your interest payment, thus paying off your mortgage in decades less than 30 years. It is easy to use as well, similar to a checking account.
Financial advisors at institutions such as
United First Financial, created the money merge account. The MMA account uses your mortgage as collateral for the advanced equity line of credit. Using the line of credit and MMA software, you put your monthly paycheck or the amount you desire, into your MMA account. After paying your bills, the rest of the money is applied to the mortgage balance. By lowering the balance, you lower the interest that is accrued on that balance. This allows you to pay more of your money to the principal balance of the mortgage. The principal balance will continue to lower and your mortgage will soon be paid off in 8-11 years, saving you thousands of dollars in interest.
MMA will also give you more financial freedom. The money you pay each month can vary depending on the amount you have. It also allows you to consolidate other debts. You can consolidate your credit cards, car loans, and other debts to the MMA account, thus paying them at a lower interest typical of a mortgage. You can set up the payoff time of each debt and monitor them separately from the mortgage. Or you can save for a car or other investment using the account to track your savings or borrowing against the line of credit.
Once your mortgage is paid off, you will have more money to invest in other resources or to update your lifestyle. To find more information about MMA, contact
United First and start the path to financial freedom.
